SPML Infra Limited shares jumped over 2% in early morning trade following the announcement that the company has secured a major water infrastructure project worth ₹1,438 crore (approximately USD 163 million) in a joint venture with JWIL Infra Limited. SPML Infra will lead the project with a 51% stake, reinforcing its position as a leading player in India’s water infrastructure sector.
The order comes from the Public Health Engineering Department (PHED), Bharatpur, Rajasthan, under the flagship Jal Jeevan Mission, aimed at providing safe and reliable drinking water to rural communities. The project will focus on enhancing water supply systems for the Dholpur and Saipau blocks, benefiting more than 1.5 million residents.
Key components of the project include the construction of an intake well, two Raw Water Reservoirs (10 MCM and 12 MCM) on the Chambal River, and the laying of 712 kilometres of pipelines ranging from 100 mm to 2000 mm in diameter. Additionally, the work involves the development of 21 Elevated Service Reservoirs, Raw Water Pumping Stations, and water treatment plants, including a 135 MLD plant at RWR-2 and a 5 MLD plant at Dholpur.
The project scope also covers cluster pumping stations, clear water and rising mains, and the provision of functional household tap connections in both Dholpur and Saipau. Importantly, the contract includes a ten-year operation and maintenance (O&M) component, ensuring long-term engagement and revenue visibility for SPML Infra. The Engineering, Procurement, and Construction (EPC) portion is expected to be completed within 20 months, followed by a one-year defect liability period before transitioning to the O&M phase.
